Funding arb · Price arb /

XPL

all XPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.022%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.035%−$3 · spread now +0.022%, 7d avg −0.004%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.026% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XPL_USDT	0.09553	0.0100	pay 0.0050% / 4h	15m 39s	$12.4M	$6.6M	100x
Short	Binance XPLUSDT	0.09555	0.0100	get 0.0050% / 4h	15m 39s	$43.2M	$97.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.004%: $2.61
Slippage, 4 orders: −$15.54
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.94
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Binance: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.52 bp	2.4 bp −$2	7.6 bp −$76	88.2 bp −$8,816	234.8 bp −$117.4K
Sell Binance live order book, 12 min ago	1.05 bp	11.0 bp −$11	23.7 bp −$237	127.5 bp −$12.8K	doesn't fit

XPL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XPL	−0.1440%	1h	0.09542	−0.115%	$4.3M	$3.2M	10x	as long as short
01 Exchange XPLUSD	−0.0488%	1h	0.09546	−0.073%	$555	$873	5x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0234% / S +0.0570%	1h	0.09553	+0.005%	$105K	—	100x	as long as short
Deribit XPL_USDC-PERPETUAL	−0.0064%	1h	0.09552	−0.010%	$46K	$18K	25x	as long as short
Paradex XPL-USD-PERP	−0.0038%	8h	0.09551	−0.023%	$12K	$696	5x	as long as short
Orderly PERP_XPL_USDC	−0.0028%	4h	0.09545	−0.084%	$30K	$277K	10x	as long as short
Bybit XPLUSDT	−0.0022%	4h	0.09549	−0.042%	$45.5M	$54.0M	75x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09559	+0.058%	$9K	$600	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−20.750%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09552	−0.005%	$72K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX XPL-USDT-SWAP	+0.0057%	4h	0.09549	−0.042%	$7.7M	$47.7M	50x	as long as short
Extended XPL-USD	+0.0080%	1h	0.09547	−0.066%	$595K	$1.2M	25x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09546	−0.068%	$1.3M	$2.2M	10x	as long as short
Hyperliquid XPL	+0.0100%	1h	0.09570	+0.173%	$60.4M	$46.0M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09558	+0.056%	$252K	$419K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09560	+0.073%	$219K	$46K	10x	as long as short
Binance XPLUSDTshort	+0.0100%	4h	0.09555	+0.022%	$43.2M	$97.8M	75x
Gate XPL_USDT	+0.0100%	4h	0.09553	0.000%	$2.9M	$3.4M	75x	as long as short
MEXC XPL_USDTlong	+0.0100%	4h	0.09553	long leg	$12.4M	$6.6M	100x
KuCoin XPLUSDTM	+0.0100%	4h	0.09549	−0.042%	$2.3M	$1.2M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09558	+0.052%	$9.0M	$9.9M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09549	−0.042%	—	$7.8M	—	as long as short
Backpack XPL_USDC_PERP	+0.0100%	1h	0.09554	+0.010%	$179K	$184K	10x	as long as short
Variational Omni XPL	+0.0100%	4h	0.09545	−0.084%	$1.7M	$2.0M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09547	−0.066%	$254K	$1.3M	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09560	+0.073%	$25K	$75K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09557	+0.044%	$125K	$1.8M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09520	−0.345%	$2K	$1.6M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09550	−0.031%	$196	$9K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09544	−0.094%	$132K	$212K	20x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09555	+0.021%	$139K	$0	10x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09550	−0.031%	$28K	$18K	3x	as long as short
Phoenix XPL	+0.0249%	1h	0.09563	+0.105%	$194K	$495K	10x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09548	−0.052%	$1.7M	$923K	75x	as long as short
Coinbase International XPL-PERP-INTX	+0.0808%	1h	0.09620	+0.701%	$65K	$92K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.2738%	1h	0.09580	+0.286%	$541K	$939K	10x	as long as short